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Djibouti

 

Explore Djibouti in the Horn of Africa –one of the continent’s least populous countries (total population 818,159 at the 2009 census).  It is bordered by Eritrea in the North, Ethiopia in the West and South, and Somalia in the South-East. The rest of the border is formed by the Red Sea and the Gulf of Aden in the East.

Formerly known as French Somaliland, the Republic of Djibouti gained independence in 1977. However, the history of this country goes back thousands of years when Djiboutians traded hides and skins for the perfumes and spices of Ancient Egypt, India and China. Through close contacts with the Arabian Peninsula for more than 1,000 years, the Somali and Afar tribes in this region became the first on the African continent to adopt Islam.

Djibouti today is a magnet for private sector capital investment, attracting substantial foreign investments.  Its most important economic asset is its strategic position on the busy shipping route between the Mediterranean Sea and Indian Ocean.  It has one of the most liberal economic regimes in Africa with almost unrestricted banking and commercial sectors.

Djibouti City is the capital and largest city with a population of about 567,000. It is situated on the peninsula which divides the Gulf of Aden from the Gulf of Tadjoura.

 

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